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☆ Wall Street analysts explain why Tesla is booming postelection while other EV makers struggle
▼ + stars: | 2024-11-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Pure-play electric vehicle stocks like Rivian and Lucid are flat and down more than 3%, respectively, since Trump's victory. So why is Tesla soaring even as a second Trump administration is expected to fundamentally disrupt the U.S. electric vehicle market? And increased tariffs could make inputs for electric vehicles more expensive. These headwinds ignore the fact that Trump's new best friend is Tesla CEO Elon Musk, Bernstein analyst Toni Sacconaghi told clients in a Monday note. But Tesla's fundamentals are largely steady postelection, while Musk's relationship with Trump underlines how Tesla largely controls the self-driving vehicle narrative, the analyst said.

Persons: Tesla, Donald Trump, Trump, Elon Musk, Bernstein, Toni Sacconaghi, Musk, Vivek Ramaswamy, Sacconaghi, Dan Levy, Levy Organizations: U.S, Ford, General Motors, Trump, GOP, UBS, Bloomberg News, Traffic, Administration, Barclays, Tesla Locations: Friday's

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ Forget the Robotaxi: Wall Street cares about Tesla's business basics
▼ + stars: | 2024-10-24 | by ( Kelsey Vlamis | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

AdvertisementTesla's earlier Robotaxi unveiling failed to impress investors, despite a surprise Robovan announcement and promises that unsupervised fully autonomous driving would be available in California and Texas next year. After the unveiling, Tesla's stock fell 10%. And the stock increase shows just how much analysts focus on the near-term and Tesla's automotive business, he said. The company also said in its earnings report that production on "more affordable models" remains on track for the first half of 2025. Musk also touted other aspects of Tesla's business, including its energy products and fully autonomous self-driving cars.

Persons: —, Tesla, Musk, Piper Sandler, Dan Levy, Gene Munster, Mark Narayan Organizations: Tesla, Service, Elon Musk's, Analysts, Barclays, Deepwater Asset Management, RBC Capital Markets, Optimus Locations: California, Texas

☆ Tesla reports earnings after the bell. Here's what Wall Street expects from the struggling EV giant
▼ + stars: | 2024-10-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.

Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China

☆ Wall Street shifts focus back to Tesla's core auto business ahead of earnings as robotaxi hype fades
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Some analysts expect Tesla's third-quarter earnings to signal a turning point, while others see more pain ahead. AdvertisementTesla will report third-quarter earnings results after the market close on Wednesday, and Wall Street will be hyper-focused on the company's core auto business. However, some analysts on Wall Street expect the upcoming third-quarter earnings print will be a sign that the worst is behind Tesla. Here's what Wall Street expects from Tesla's upcoming earnings report. But perhaps more important than vehicle deliveries for Wall Street is Tesla's profit margins.

Persons: —, Tesla, Dan Levy, Levy, Wells, Colin Langan, Langan, Dan Ives, Ives, Joel Levington, Levington Organizations: Service, Wall, Barclays, Tesla Energy, Tesla, Bloomberg Intelligence, Acura, Volvo Locations: Wells Fargo, Wells

☆ Earnings playbook: More than 100 companies are slated to report this week, including General Motors
▼ + stars: | 2024-10-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.

Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China

☆ Here's what investors need to know after GM's capital markets day
▼ + stars: | 2024-10-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

GM's investor day showcased many of the company's current achievements, but did not provide much insight on strategy," Bernstein analyst Daniel Roeska wrote Wednesday in an investor note. "GM's Investor Day yesterday didn't provide much in the way of sharp shifts in strategy. Through the first half of 2024, GM earned $8.3 billion in EBIT-adjusted and generated $6.4 billion in adjusted automotive free cash flow. GM's 2024 financial guidance includes anticipated capital spending of between $10.5 billion and $11.5 billion. GM's operations in China have experienced a decade-long slide in earnings, and executives said they are discussing restructuring options with their China-based partners.

Persons: Rebecca Cook, Mary Barra, Mark Reuss, Stellantis, Bernstein, Daniel Roeska, Dan Levy, John Murphy, Levy, Paul Jacobson, Jacobson, GM's, we're, Barra, Ultium, Kurt Kelty, " Jacobson, Reuss, that's, you'll, Tesla's Organizations: General Motors, Reuters DETROIT —, GM, Ford Motor, Ford, Barclays, BofA Securities, Wall Street, EV tailwinds, North America, LG Energy, ICE, GMC, China Locations: Detroit, Spring Hill , Tennessee, North, Cruise, China

☆ GM investor day: Cruise, cash and EV profits top of mind for Wall Street
▼ + stars: | 2024-10-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — A lot has changed since General Motors' last investor day two years ago, but one thing that hasn't is the automaker's ability to outperform Wall Street's expectations — doing so every quarter since then. "Accordingly, whereas the theme for GM three years ago was "Growth Motors," we believe the theme today is "praGMatic Motors." To underscore that effort, the event is taking place GM's vehicle assembly and Ultium EV battery plants in Tennessee. Barra and other executives have stressed such a dual strategy since lowering or withdrawing nearly all of the company's EV targets amid slower than expected adoption of electric vehicles. "We are making the most of every opportunity we have in ICE and in EV and leveraging our core strengths," Barra said during the company's second-quarter investor call in July.

Persons: Mary Barra, General Motors, Dan Levy, Barra Organizations: General Motors Co, DETROIT, General, Wall Street, GM, Barclays, Spring, Spring Hill Assembly, ICE, EV Locations: Detroit , Michigan, China, Barra, Tennessee, Spring Hill

☆ Tesla Q3 deliveries preview: Wall Street expects a beat as Musk & Co. get their 'mojo' back
▼ + stars: | 2024-10-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Tesla's third-quarter vehicle deliveries are expected to exceed Wall Street estimates. AdvertisementTesla's upcoming third-quarter vehicle deliveries report should impress investors, according to Wall Street experts. Tesla stock has been on a wild ride this year. AdvertisementBarclays: 'Concerns on fundamentals have dissipated'Barclays analyst Dan Levy is expecting Tesla to report solid vehicle deliveries later this week, according to a recent note. Levy said that thanks to expected strength in Tesla's China business, the company will announce third-quarter vehicle deliveries of 470,000, ahead of Wall Street estimates.

Persons: —, Goldman Sachs, Tesla, Dan Levy, Levy, Mark Delaney, Delaney, Dan Ives, Ives Organizations: Barclays, Service Locations: China, flattish, Europe

☆ In this close election, these reshoring bets are likely to succeed no matter who becomes president
▼ + stars: | 2024-09-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Trade will work regardless Yet, reshoring is the one macroeconomic trade that will work no matter who wins the White House, according to Societe Generale. Last year, there were 287,000 reshoring and foreign direct investment job announcements, the second-highest year on record, according to the Reshoring Initiative . "One trade that has worked under both of the last two administrations is our US Reshoring 'beneficiary' equities," Kabra wrote. The company provides industrial automation products and services. The industrial conglomerate has a hand in a range of industries, including industrial automation solutions and building automation.

Persons: Donald Trump, Trump, Kamala Harris, John Deere, Harris, Dan Levy, Manish Kabra, Kabra, reshoring, Morgan Stanley, Blake Moret, Jill Carey Hall, Michael Feinger, Feinger, Peter Matt Organizations: Barclays, Societe Generale, Science, Generale's, China, Reshoring, Trump, Packaging Corporation of America, Cummins, Rockwell Automation, Honeywell, Bank of America, Eaton, Steel Dynamics, United Rentals, Commercial Metals Locations: United States, Mexico, China, U.S, reshoring, Midwest

7:03 a.m.: Bernstein cuts price target on Nike amid innovation critiques Bernstein sees slightly less room for Nike to rebound. — Alex Harring 6:25 a.m.: Jefferies recommends buying NextEra Energy Partners despite buyout concern Jefferies came out of the gates optimistic on NextEra Energy Partners . Analyst Julien Dumoulin-Smith initiated coverage of the Florida-based renewable energy stock at a buy rating. — Alex Harring 5:54 a.m.: AI helps HubSpot compete, BofA says Bank of America is keeping an eye of HubSpot's artificial intelligence work. — Alex Harring 5:46 a.m.: JPMorgan says to sell Five Below JPMorgan turned bearish on Five Below , citing challenges that are hard to surmount for the value-focused retailer during a tough year.

Persons: Piper Sandler, Bernstein, Aneesha Sherman, Sherman, Alex Harring, BTIG, it's, Jake Fuller, Fuller, DoorDash, — Alex Harring, Jefferies, Julien Dumoulin, Smith, Hertz, Dan Levy, Levy, Avis, HubSpot, BofA, BofA's Brad Sills, Sills, monetization, Matthew Boss, Boss, Abbott, Adam Maeder, necrotizing, ABT, Maeder, Fred Imbert Organizations: CNBC, Laboratories, JPMorgan, Nike, Dow Jones, Jefferies, NextEra Energy Partners, Barclays, Hertz, Bank of America, LSEG, Abbott Laboratories Locations: Wednesday's, Florida, Thursday's premarket

☆ ‘Shōgun’ makes history and other standout moments from the Emmy Awards
▼ + stars: | 2024-09-16 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +7 min

In all, the series picked up four awards, including history-making individual acting honors for its two stars Sanada and Anna Sawai. John Oliver thanks his late dogJohn Oliver at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. You’re very good girls, you’re very good boys, and you all deserve a treat!”John Leguizamo stands up for progressJohn Leguizamo at Sunday's Emmy Awards. Despite my name, I come in peace.” – Will Smith, a English writer and producer and winner of outstanding writing for a drama series for “Slow Horses,” referencing that moment from the Oscars. Nine times out of ten, I’m right.” – Steve Martin“Welcome everybody to the 76th Emmy Awards — also known as broadcast TV’s biggest night for honoring movie stars on streaming services.” – Dan Levy, who hosted alongside dad Eugene a solid – if not safe – show

Persons: Shōgun, Justin Marks, Hiroyuki Sanada, Chris Pizzello, “, ”, Sanada, Anna Sawai, Sawai, ” Richard Gadd, Richard Gadd, I’d, Lisa Colón, Zayas, Liza Colon, Jae, Tina, Meryl Streep, Sheryl Lee Ralph, Carol Burnett, ” Candice Bergen, ’ Candice Bergen, Kevin Winter, Murphy Brown, Candice Bergen, she’s, Bergen, Dan Quayle, Murphy, Selena Gomez, Steve Martin, Martin Short, John Oliver, Danny Moloshok, Sarah McLachlan, ” Oliver, John Leguizamo, Mario Anzuoni, Reuters John Leguizamo, Leguizamo, “ She’s, Kathy Bates “, ” – Will Smith, Nicole Kidman, Steve Martin “, —, ” – Dan Levy, Eugene Organizations: CNN, Voters, Republican, Peacock, Reuters, New York Times Locations: Los Angeles

☆ Men dressed boldly for the Emmys red carpet
▼ + stars: | 2024-09-16 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

But on an Emmys red carpet heavy with demure, sophisticated gowns, it was the male attendees who shone at LA’s Peacock Theater on Sunday in a range of bold, adventurous and considered outfits. However, some of the most successful ensembles of the night subtly (and sometimes not-so-subtly) played on the codes of black-tie convention. Myung J. Chun/Los Angeles Times/Getty Images"Saturday Night Live" star Bowen Yang in a look by Bode. John Salangsang/Aaron Moten in a bright red Kenzo suit. Amy Sussman/Getty ImagesThe night’s other fun accessories included lapel pins and brooches, while eye-catching colors proved another way to make a statement.

Persons: Ramy Youssef, Joshua Jackson, “, Lamorne Morris, Calvin Klein, Jeremy Allen White, Andrew Scott, Vivienne Westwood, “ Abbott, Tyler James Williams ’ Dolce, Tyler James Williams, Amy Sussman, Chris Perfetti, Myung J, Chun, Bowen Yang, Bode, Scott Kirkland, Williams, Dan Levy, Alan Cumming’s, Teddy, ”, Matt Bomer, Jonathan Bailey, Giorgio Armani, Loewe, Kevin Mazur, Alan Cumming, Teddy Vonranson, John Salangsang, Aaron Moten, Kenzo, Nehru, Finn Bennett, Laurent mockneck Organizations: CNN, “ Fargo, Dolce, Gabbana, Los Angeles Times, Disney, ruffles

Chuck Hodes/FXThe nominees for the 76th Emmy Awards — television’s top honor — were announced earlier this summer, and “The Bear” ate it up. In the drama category, “Shōgun” had the most nominations this year with 25. The all-time record of 32 nominations, held by HBO’s “Game of Thrones” since 2016, remains unbroken. Here are some of the nominees to watch tonight:Outstanding drama series:“The Crown”“Fallout”“The Gilded Age ““The Morning Show”“Mr. and Mrs. Smith”Anna Sawai, “Shōgun”Imelda Staunton, “The Crown”Reese Witherspoon, “The Morning Show”See the full list of nominees here.

Persons: Jeremy Allen White, Carmen, Chuck Hodes, —, Shōgun ”, HBO’s, Ted Lasso, ”, Smith, “ Abbott, Ripley, ” “, Jimmy Kimmel, Seth Meyers ”, Stephen Colbert, Matt Berry, Larry David, “, Steve Martin, Martin, D’Pharaoh Woon, Jennifer Aniston, Carrie Coon, Maya Erskine, “ Mr, Anna Sawai, “ Shōgun ” Imelda Staunton, ” Reese Witherspoon Organizations: NBC, HBO Locations: Chicago

☆ Here are the best-dressed celebrities on the 2024 Emmy Awards red carpet
▼ + stars: | 2024-09-15 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +1 min

Celebrities walked the red carpet at the 76th Primetime Emmy Awards, airing live Sunday night on ABC. While 'Shōgun' and 'The Bear' lead nominations at the actual awards, anyone can be a winner on the red carpet. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Emmy Awards are back for a second time this year for the 76th Primetime Emmy Awards ceremony.

Persons: —, Eugene, Dan Levy Organizations: ABC, Service, Business Locations: Los Angeles

Whether your cable provider recently lost ABC or you're a cord-cutter looking for a way to live stream the network, we've got you covered. Where to watch the Emmys in the USThe 76th Emmy Awards will air on Sunday, September 15, at 8 p.m. You can live stream the network through a live TV package like Sling TV or Fubo. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. Check price at SlingFubo is another great live TV package with over 180 channels in its lineup, including broad ABC coverage.

Persons: we've, Dan Levy, Ted Lasso, it's, we'll, ExpressVPN Organizations: Business, Hollywood, Eugene, HBO, ABC, Sling Blue, FX, Bravo, Hulu

In the battle for glory at the 76th Primetime Emmy Awards, two leading contenders have emerged: the powerful feudal lords of 17th-century Japan and the beleaguered cooks of a contemporary Chicago eatery. “Shōgun” and “The Bear” cruise into the Emmys with a ton of momentum thanks to glowing reviews and loyal fandoms. How to watch the EmmysThe three-hour telecast from the Peacock Theater in Los Angeles kicks off live at 8 p.m. He is a four-time winner at the Primetime Emmy Awards and a two-time winner at the Daytime Emmy Awards, most recently for his guest role on the soap opera “Days of Our Lives.”The list of presenters hints at a possible reunion of the stars of the NBC political drama “The West Wing,” perhaps tied to the 25th anniversary of the show’s debut. The front-runner for best limited or anthology series is Netflix’s “Baby Reindeer,” according to the awards prediction website Gold Derby.

Persons: Shōgun, They’re, Abbott, ”, Eugene Levy, Dan Levy, ” Eugene, Dan, We’re, ” Eugene Levy, Matt Bomer, Lily Gladstone, Greta Lee, Jean Smart, Kristen Wiig, Dick Van Dyke, Dulé Hill, Allison Janney, Janel Moloney, Richard Schiff, Martin Sheen, Jimmy Smits, Video’s “, Smith, “, “ Shōgun ”, NBC’s, Jeremy Allen White, Anna Sawai, Hiroyuki Sanada, Jodie Foster, Richard Gadd Organizations: Peacock, ABC, Hulu, Fox, Los Angeles Times, “, Hollywood, NBC, Apple, “ Abbott, Derby Locations: Japan, Chicago, Los Angeles, ”, “, “ Fargo

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. "At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable," wrote analyst Nik Modi. "However, with minimal upside to our revised $47 price target and a relatively 'balanced' risk-reward between our $28 bear case …. –Samantha Subin 5:54 a.m.: Wall Street stands by Alphabet, AI potential post-earnings Wall Street analysts remain bullish on the outlook for Alphabet , even after the stock fell on the back of its second-quarter results. His price target of $425, up from $320, implies upside of more than 28% from Tuesday's close.

Persons: Goldman Sachs, Lauder, Estee Lauder, Nik Modi, Modi, Estee, – Samantha Subin, Morgan Stanley downgrades, Morgan Stanley, Adam Jonas, Jonas, Samantha Subin, Dan Levy, Tesla, Michaeli, Bernstein's Toni Sacconaghi, Mark Delaney, GOOGL, Doug Anmuth, Justin Post, Eric Sheridan, Brent Thill, Sheridan, Fred Imbert Organizations: CNBC, Spotify, RBC, Markets, Motors, GM, General Motors, Tesla, Barclays, YouTube, Bank of America, Google, Jefferies Locations: China, 1H25, Tuesday's

☆ Tesla tanks 13% after earnings, dragging other EV stocks lower
▼ + stars: | 2024-07-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Tesla's stock dropped as much as 13% on Wednesday after reporting weak second-quarter earnings. AdvertisementTesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors. It marked the fourth straight quarter Tesla has fallen short of analyst forecasts. The taxi's unveiling, seen by many on Wall Street as a major AI-driven catalyst for Tesla, was originally scheduled for next month. "Tesla's muddling through the EV recession," Morgan Stanley analyst Adam Jones wrote, citing a quarter-over-quarter drop in capital expenditures.

Persons: Tesla, —, Elon Musk, Morgan Stanley, Adam Jones, Nikola, Dan Levy, Tesla's, Cantor Fitzgerald, Andres Sheppard, Gene Munster, Dan Ives, Sheppard Organizations: Service, EV, General Motors, Buick, Barclays, Deepwater Asset Management, Wedbush Securities, Tesla

☆ Tesla reports earnings after the bell. Here's what Wall Street has to say
▼ + stars: | 2024-07-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Analysts expect Tesla to post 62 cents in earnings per share on $24.77 billion in revenue. Although the revenue estimate is slightly higher than the $21.30 billion Tesla posted in the first quarter, the earnings forecast is 30% below the previous year. Last quarter, Tesla reported adjusted earnings of 45 cents per share on a 9% decline in revenue to $21.30 billion compared with the fourth quarter. Evercore's Chris McNally also sees further downside to Tesla shares. Jonas holds a $310 price target on Tesla shares, indicating 23% potential upside from Monday's close.

Persons: Tesla, Elon Musk, Ronald Jewsikow, Jewsikow, Dan Levy, Levy, Chris McNally, McNally, Wells, Colin Langan, Langan, Joe Biden's, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Barclays, Tesla, U.S, Trump Locations: Monday's, Wells Fargo

☆ Automakers report earnings this week. GM is set to be the standout
▼ + stars: | 2024-07-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

That compares to LSEG estimates for Ford Motor that call for adjusted earnings per share of 68 cents for the second quarter, down 5.2% from the second quarter of 2023. Ford is scheduled to report Wednesday afternoon after markets close, followed by Chrysler parent Stellantis , which reports earnings biannually, releasing its first-half results Thursday morning. Stock Chart Icon Stock chart icon GM, Ford and Stellantis stocks in 2024. "Both are expected to raise 2024 guidance." Evercore still expects a "solid" second quarter for Ford, though, trending toward the upper half of its previously announced 2024 guidance.

Persons: Mary Barra, Ford, Dan Levy, Chris McNally, Itay Michaeli, Jim Farley, Michael Wayland, Carlos Tavares, Natalie Knight, Stellantis Organizations: New York Stock Exchange, NYSE DETROIT —, Motors, Detroit, America's, GM, Ford Motor, Chrysler, Ford, Barclays, Citi, CNBC Locations: Detroit, North America, Europe, Auburn Hills, Mich

☆ Earnings playbook: Your guide to a busy week of earnings, including Alphabet and Tesla
▼ + stars: | 2024-07-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 87% of the time. Tesla is set to report earnings after the close. What history shows: Bespoke data shows GM beats earnings expectations 62% of the time. What history shows: Ford earnings exceed estimates nearly 70% of the time, according to Bespoke. This quarter: Earnings for the airline are expected to have fallen more than 10% from the year-earlier period, per LSEG.

Persons: Michael Wayland, Tesla, Elon Musk, Dan Levy, Ben Kallo, Benjamin Black, Jim Farley, Matthew Swanson, Swanson, AAL, Leslie Josephs Organizations: Big Tech, Google, Ford Motor, IBM, General Motors, CNBC, Tuesday, GM, Investment Group, LSEG, Barclays, Energy, Deutsche Bank, Wednesday Ford, Ford, Ford Pro, RBC, Thursday, Airlines, American Airlines, Investors Locations: China

Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.

Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's

☆ Rivian: Truist Securities raises its price target on the stock to $13
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRivian: Truist Securities raises its price target on the stock to $13Jordan Levy, Trust analyst, joins 'Squawk on the Street' to discuss Rivian securing $5 billion from Volkswagen.

Persons: Jordan Levy Organizations: Truist Securities, Trust, Volkswagen

☆ What Rivian's venture with Volkswagen means for the EV maker, broader auto industry
▼ + stars: | 2024-06-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Rivian 's latest partnership with Volkswagen could prove a major boon for investors and the broader auto industry, according to some Wall Street analysts. As part of the plan, Volkswagen will inject $1 billion, followed by an additional $4 billion investment planned by 2026. RIVN 1D mountain Shares pop on Volkswagen venture But Wall Street views the deal as a potential turnaround opportunity that can help limit execution risks and uncertainties surrounding funding that have spooked investors in recent months. Big wins for the auto industry While the venture justifies Rivian's strategy, some on Wall Street anticipate potential big wins for the broader auto industry. He added that the venture also highlights the need for proprietary electronic control units and software.

Persons: Rivian, John Murphy, Ryan Brinkman, Dan Levy, Levy, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Tesla, Piper Sandler, Alexander Potter, America's Murphy Organizations: Volkswagen, Bank of America, JPMorgan, Barclays, Bank, Lucid Group Locations: China

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